Arohan Financial Services Limited | Annual Report 2022-23

| 152 Annual Report | 2022-2023 Financial Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated) (v) The Company has recognized share based payment expense of ` 282.76 Lakhs (March 31, 2022: ` 454.69 Lakhs) during the period as proportionate cost. Note 25: Employee stock option scheme (‘ESOP Scheme’) (Contd.) (ii) Details of grant and exercise of such options are as follows: Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 (Grant 2021) ESOP 2021 (Grant 2022) Number of options granted 2,29,280 5,97,264 7,69,528 8,42,858 9,82,867 9,97,942 Outstanding number of options as on March 31, 2023 1,28,000 4,12,824 5,43,908 6,06,349 7,86,591 8,75,650 (iv) Reconciliation of stock options: Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 (Grant 2021) ESOP 2021 (Grant 2022) Outstanding as at March 31, 2021 1,75,280 5,43,264 7,34,278 8,42,858 - - Stock option issued during the year - - - - 9,82,867 - Exercised and vested 30,000 43,254 21,875 4,000 - - Forfeited/ lapsed - 52,626 1,16,655 1,40,949 55,744 - Outstanding as at March 31, 2022 1,45,280 4,47,384 5,95,748 6,97,909 9,27,123 - Stock option issued during the period - - - - - 9,97,942 Exercised and vested 17,280 - - - - - Forfeited/ lapsed - 34,560 51,840 91,560 1,40,532 1,22,292 Outstanding as at March 31, 2023 1,28,000 4,12,824 5,43,908 6,06,349 7,86,591 8,75,650 (iii) The weighted average exercise price and remaining contractual life of the ESOP Scheme are as follows: Employee stock option scheme (‘ESOP Scheme’) As at 31 March 2023 As at 31 March 2022 ESOP 2017 Exercise price 84.70 84.70 Weighted average remaining contractual life (in years) - - ESOP 2018 (grant 2018) Exercise price 130.00 130.00 Weighted average remaining contractual life (in years) - - ESOP 2018 (grant 2019) Exercise price 162.80 162.80 Weighted average remaining contractual life (in years) - 0.12 ESOP 2018 (grant 2020) Exercise price 170.00 170.00 Weighted average remaining contractual life (in years) 0.35 1.35 ESOP 2021 (grant 2021) Exercise price 210.00 210.00 Weighted average remaining contractual life (in years) 1.18 2.18 ESOP 2021 (grant 2022) Exercise price 153.94 - Weighted average remaining contractual life (in years) 2.39 -